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    <description>Imposes income-tax and super-tax at rates specified in the First Schedule, with applicable surcharges; requires deductions at source at rates in Part III. For assessments, where a non-corporate assessee&#039;s total income includes salaries, tax and super-tax on that salary portion are apportioned by the salary&#039;s proportion of total income. For companies (excluding the Life Insurance Corporation) with life insurance profits, super-tax is aggregated: tax on life-insurance profits at the Life Insurance Corporation rate plus tax on remaining income at the company rate. Defines &quot;total income&quot; and &quot;earned income&quot; by reference to the Income-tax Act.</description>
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      <description>Imposes income-tax and super-tax at rates specified in the First Schedule, with applicable surcharges; requires deductions at source at rates in Part III. For assessments, where a non-corporate assessee&#039;s total income includes salaries, tax and super-tax on that salary portion are apportioned by the salary&#039;s proportion of total income. For companies (excluding the Life Insurance Corporation) with life insurance profits, super-tax is aggregated: tax on life-insurance profits at the Life Insurance Corporation rate plus tax on remaining income at the company rate. Defines &quot;total income&quot; and &quot;earned income&quot; by reference to the Income-tax Act.</description>
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